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Along with Rolexes and Corvettes, our homes are an accessory that tells the world our station in life -- which may be why we are so surprised to see celebrities selling or leasing homes at the low-end of the market. Some of them are affordable to the average buyer -- the average buyer in New York or L.A., that is, where any home in the million-dollar range is just a middle-class abode. Where are some of the cheapest celebrity-owned or leased places and do they live there out of necessity or whim? WalletPop readers really want to know ...

1) Is celebutante a word? If so, add one of those Krazy Kardshians to the list. Kourtney, the oldest of the three Kardashian sisters, has her home in Calabasas California on the market for $795,000. Calabasas is in the San Fernando Valley, which is where we go to fry eggs on the sidewalk in the summer. Kardashian bought the house in 2006 for $829,000. Why is she selling? Sorry, but I can't keep up with the Kardashians no matter how much I try or E! wants me to.
2) Cher's son Elijah Blue just sold his gated 1,455-square-foot West Hollywood house for $1.1 million. Elijah's dad is Gregg Allman of the Allman Brothers and the 30-something Elijah is the frontman for the indie rock band Deadsy. He sometimes records solo as Elijah Blue and the Trapezoids. Now the Deadsy may not be on your MP3 player and surely by now Elijah's fame has been capped by his former half-sister/now half-brother's notoriety, but in the City of Angels, $1.1 million is bupkis -- and about $300,000 less than what was paid when the house was purchased in August 2008. Blue is reportedly heading for Venice. Was the sale necessity or whim? I vote for Trust Fund Kid whim.

3) Another musician who just lost some pocket change in the housing market is rapper J Juicy, who sold his Sherman Oaks home for $1.82 million. The co-founder of the hip-hop group Three 6 Mafia, whose 2006 "It's Hard OUt There for a Pimp" won an Academy Award, took a hit though. He paid $2 million for the canyon-view house in 2007. Reason for sale: I can barely understand rap lyrics and you want me to understand rapper behavior? Not happening.

4) Activist-actress Jane Fonda just leased for $5,000 a month small one-bedroom, one-bathroom condo that likely isn't big enough to hold her workout clothes, let alone anything else. Clearly the Academy-award winning actress and former Mrs. Ted Turner can afford more and in Los Angeles, homes can rent for $50,000 a month or more. Jane divorced the CNN founder about a decade ago and is now saying goodbye to the city of Atlanta after 19 years. She's listed her loft there for $4.5 million. While perhaps on the meager side, her new digs are in the celebrity-studded Sierra Towers on the Sunset Strip. She'll be able to borrow a cup of bean sprouts from Cher -- who owns the only two-story unit in the building -- or Elton John and Matthew Perry. Trust me, Jane won't be staying long at this address. I figure she'll be moving on as soon as she finds something more suitable and has some assurance that Hollywood still has roles for a sexy septuagenarian.

5) I want to know how famed ballet dancer Mikhail Baryshnikov found this steal? He paid $912,500 last July for a 15th-floor unit on the Upper West Side of Manhattan. The Soviet-born Baryshnikov is considered one of the greatest ballet dancers of the 20th century. He also played Carrie Bradshaw's love interest in the final season of "Sex in the City." Baryshnikov owns a 3,889-square-foot home overlooking a stream near the Hudson River in Palisades New York that he was trying to rent out for $4,500 a month. My money says he wanted a place in the city and is waiting for the housing market to improve before selling the Palisades home. Renting it out in the meantime makes good sense.

6) "The Office" actor John Krasinski is asking $1.245 million for his West Hollywood home. He paid $1.05 million when he bought it in March 2006 and apparently word of the housing market crash hasn't reached his ears. He plays Jim Halpert, the disgruntled paper salesman on the Emmy-winning show. My prediction is that his real estate agent will be having a heart-to-heart with him in about three months. His career is taking off, so maybe he wants to move up while the market is flat.

7) Singer Perry Farrell of the band Jane's Addiction listed his longtime Venice home at $1.6 million. It was designed for him and has a two-story barrel-vaulted ceiling running the length of the building. The ceiling is covered in maple veneer to provide good acoustics. Farrell bought it as a bachelor and now needs more space to raise his family.

8) Actor Garett Maggart has listed his two-bedroom Venice home for $1.265 million. A smart guy, if not an A-List actor, bought the place for $495,000 in 1999. Of course he would have been smarter had he sold it in 2007 or so. Then again, so would a lot of us. Garett played Blair Sandburg in "The Sentinel" for four seasons and is big brother to platinum-selling singer Fiona Apple. Is he selling for need or sport? My guess is he's feeling the pinch of Hollywood roles drying up and wouldn't mind taking the cash and sitting out the market for a bit. That or his role co-starring with Angelina Jolie was announced and I missed it.

9) Adam Carolla, radio personality, TV host and recent contestant on "Dancing with the Stars" where he partnered with Julianne Hough, has listed his Hollywood home for $1.495 million. Carolla also owns another home in Hollywood and one in Valley Glen, plus he sold one in Sherman Oaks in 2005 for $1.477 million. Methinks the man is a serial flipper and while he can't dance, he does OK in real estate.

10) Actor/comedian Sinbad is in trouble with the IRS. He owes $2.1 million in back taxes to the state of California and another $8.5 million to the feds. The U.S. Attorney General, not a patient man, wants Sinbad's home in Hidden Hills, Calif. to be sold to pay off some of the debt. Asking price: $3 million. The moral of the story: Pay your taxes.